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Portugal, like Europe, loses appetite for reform

Initially ambitious with changes, its drive has waned after the three-year bailout programme ended last year

A wall with graffiti saying 'We demand our wages' in Alhos Vedros, Portugal. The country had cut civil servants' wages and pensions and made the biggest tax hikes in generations during a period of sweeping changes.

Sintra, Portugal

CELEBRATED among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm for change has waned as Europe loses its appetite for further belt-tightening.

With Greece's future in the euro uncertain, after its leftist government